Many supermarkets are selling more and more products that are imported from other countries instead of selling food that is locally sourced. What are the reasons for this? Is thus a positive or negative development?

With the growing

trade

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connections around the world, several supermarkets are increasingly selling imported

goods

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as opposed to locally sourced

products

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.

This

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essay will discuss the reasons for

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and explain why it is a negative

trend

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. There are three reasons that explain the rise in

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trend

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over the past years.

Firstly

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, due to the growing competition, stores are expected to offer a wide range of

products

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to the consumers, which can be accomplished through

trade

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.

Secondly

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, in order to maintain geopolitical relations, countries often import and export

products

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from other countries.

Thirdly

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, the inability to grow certain

goods

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, force the businesses to purchase them from the countries that have favourable conditions to grow the required produce.

For example

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, UAE often imports fresh coconut water from India, as the weather conditions in the UAE do not support the growth of coconut trees. Like everything on

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planet,

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development has its pros and cons.

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, the negatives outweigh the positives in

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case.

As a result

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of high excise duty, supermarkets sell these

products

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at unreasonably high prices as compared to the cost price.

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,

this

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development negatively impacts the growth of the locally based companies, thereby impacting the economy of the country.

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,

this

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trend

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comes with an increased dependence on

trade

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, making any country insufficient during a recession or a pandemic like COVID-19.

For instance

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, several supermarkets around the world faced a shortage of imported

goods

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for at least 6 months during the initial phase of the pandemic. In conclusion, business owners indulge in the import and export of

products

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to offer competitive

goods

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, maintain international relationships and get all-year-round produce.

However

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, entrepreneurs need to consider the impact of increasing

trade

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before expediting

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trend

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.